Live Max Introduces Corporate Payments via Mastercard Virtual Card Numbers to Streamline Settlement Operations

Live Max has introduced corporate payments using Mastercard Virtual Card Numbers (VCNs).

This is implemented in collaboration with Agoda, NTT DATA, Netstars, Mitsubishi UFJ NICOS, and Mastercard to streamline the settlement process between businesses at the time of hotel booking and payment.

After a traveler makes a reservation through Agoda, Agoda sends the reservation information to the hotel, and the hotel bills Agoda. Afterwards, Agoda issues a VCN to the VCN issuer, sends payment information including the VCN to Netstars, and Netstars sends a payment request directly to the VCN issuer via Mitsubishi UFJ NICOS. Mitsubishi UFJ NICOS processes the VCN payment with Mastercard and carries out merchant payments via NTT DATA.

The proliferation of Mastercard VCN payments is advancing, especially in the international travel industry, against the backdrop of increased globalization, more business partners, and more complex distribution routes. It is used in over 200 countries’ hotels around the world.

A VCN is a virtual sub-number issued using a corporate Mastercard credit card as the parent number. It can be issued multiple times for use either for a single transaction or for a specified number of transactions or period within the credit limit of the parent number, allowing for setting limits and conditions for each VCN such as available amounts or usage duration.

This significantly reduces the risk of human error in the billing process, as well as greatly reducing the risk of fraud and chargebacks.